shug23's Last 20 Posts
| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
 Posted 04/16/2023 08:17 am
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Yeah. I agree eBay seems to be the path I am going to be heading down ( I have no ungraded coins) There are also coin shows periodically in the area, so I may actually try to see if this is also a viable strategy, since I have around 100 graded coins to let go.
Detailed coins present a problem, as far as pricing them. My 'best' detailed coin is an NGC Morgan 1886-O UNC improperly cleaned, but it looks very good to me. so who knows if it is a $200 coin or a $700 coin......ah well |
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 04/15/2023 11:18 am
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| Thanks. This is all a very educational process. The other idea I have is just going to a coin show, getting a 'booth' and displaying my 100 coins ( after researching a competitive price). Is this a reasonable thought ? What is a typical cost to have a space ? 50 bucks, 100 bucks ? Is that the only cost aside from my time ? Or is this a terrible idea ? |
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 04/15/2023 08:59 am
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Thanks kbbpll...
I don't know what a BP is (other than blood pressure); can you explain ? What you are missing is that the range I am looking for, $1500-1600, is a net price AFTER expense and is based upon the median price of sold NGC coins on eBay for the 10 coins in the grade. For my set of ten coins , the median eBay sales price was $1749. so $1500 net price is 85% of the gross price. Taking $1300 is a 25% reduction off the median eBay sales price and since I'm in no hurry, at the moment, I think I can do better than$1300
I am in the process of looking at the GC sales for my coins in their grade and while their expenses are lower, the gross sales price off GC appears to be significantly lower than the gross sales price off eBay. For example, 1934-S median sales price on ebay in grade 50 is 418 and on GC is more like 350 with a hammer price of 320. Similar story with the 1928-S and the 1926-D. Why the median gross sales price appears to be significantly lower on GC than eBay is unclear ( sophistication of buyer?)
So at this moment I am still doing my research but my preliminary thinking is to go through the learning curve and see how I do on eBay.
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 04/14/2023 10:18 am
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| Thank you for your comments. The David Lawrence options that he offers seem pretty interesting. I don't know how well known his site is. In terms of Peace dollars, he has 27 coins whilst Great Collections has 432 Peace Dollars. 165 vs 413 on walking liberty half dollars and 377 vs 2144 Morgans. I'm not really sure what this all means other than it seems GC may be better known. |
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 04/13/2023 3:47 pm
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| Ok..Here's an update. Went to two dealers. .One offered $930 and I'm sure that was an initial negotiation number. The other dealer seemed way more experienced and professional . He asked what I'm looking for and I told him somewhere between $1500-$1600 for the ten. offered grey sheet (approximately $1300). The next step is going to put a few up on ebay and a few with Great Collections. and see what happens. Does anyone know if there are people who sell coins on consignment - or is that what Great Collections is, basically. |
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| Detailed Coins - How To Sell
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shug23
Valued Member
United States
78 Posts |
Posted 04/12/2023 07:57 am
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| Can anyone suggest best methods to valuing and selling detailed graded coins? I have about 20 UNC and AU Morgans (improperly cleaned seems to be the most common issue), Is eBay the best method ? Great Collections ? |
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 04/12/2023 07:49 am
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So I am not a dealer . I'm just a guy who got into collecting coins 25 years ago and now looking to let go about 100 NGC graded coins. I appreciate comments people have made, so I am going to document the process as I attempt to sell 10 Peace Dollars. Maybe some other non-professional can learn from what I find out
As was suggested, I did purchase the grey sheet values, both retail and wholesale. (As part of that purchase I also received NGC and PCGS whole sale prices ( blue sheet values). The wholesale price for grey sheet was $1273 and retail was $1673. I also looked up NGC prices on their website to come up with $1545 which would be a retail figure
I then sent a letter off to Littleton Coin with this information ; "Upon review of your Peace Dollar Collection listed, the approximate wholesale value of your group is roughly around $665-$865 for the group at this time." I was pretty surprised to see such a low range from them.
My next step, as was suggested, was to look at sales prices for the coins. SO I went onto eBay, and looked at all recent (2023) sales in NGC holders for the 10 coins in my grade and that number is $1749. Granted, eBay takes their cut which I think is around 7% and shipping seems to be in the $3-5 range. It would seem that if I go onto eBay to sell the coins, I might expect to net around $1600
Armed with this information, this week I will stop at a couple local coin dealers to see what they might be willing to pay for the set.
I have also looked into Great Collections and has been suggested and take about 10 (Walking Liberty halves) coins , do the same research (ebay, grey sheet) and then see how that process goes .
I'll update this string when there is something to report.
Comments and suggestions are welcome.
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 03/30/2023 2:46 pm
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Below is data:
Attached are 10 Peace dollar duplicates that I am going to sell. All are in NGC holders. The columns are the date, the grade, NGC retail price, grey sheet retail price, grey sheet wholesale price, and 'profit' if a dealer could buy at wholesale and sell at grey sheet retail. I have also spot checked 5 of the coins final selling price on ebay and the results are that the selling price was very close to the NGC price . I believe ebay takes about a 7% cut, and then there would also be mailing and insurance costs to consider, so expense might be around 10%....I will be looking at the remaining 5 coins on ebay , so that I will have decent data to decide upon a fair price to sell at.
Note that there is , according to grey sheet, about a 31% spread between wholesale and retail prices. I am picturing the whole sale price being what a mega-dealer might pay who does 1000's of transactions daily or weekly. I wouldnt think that a 'mom and pop' coin dealer is paying wholesale and selling at retail making a 31% profit. (otherwise, I need to start a new career).
I guess I'd like to ask you knowledgeable people or dealers, what would be a fair price for my local dealer to pay and for me to sell. I have close to 60 graded coins that I am planning to sell, once I collect all the data ( I subscribed to greysheet per suggestion). I am in no rush. It seems that I could post the coins on ebay and over time - weeks, months, sell all my coins and after expense be about 10% under NGC . Going the dealer route is simpler and more efficient for me. Is 15% off grey sheet retail 'fair' -? I'll appreciate any comments or thoughts, especially by a dealer.
1922 -S 62 80 74 55 35%
1923 D 58 60 115 85 35%
1924 63 75 65 48 35%
1924-S 55 135 108 80 35%
1925 S 61 150 195 150 30%
1926 D 58 100 128 95 35%
1927 61 150 156 120 30%
1927 S 58 190 260 200 30%
1928-S 58 190 143 110 30%
1934 S 50 415 429 330 30%
1545 1673 1273 31%
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 03/24/2023 09:21 am
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| Thanks for the link....can you (or anyone) tell me why PCGS has two numbers showing in their price guide ? |
| | Forum: Main Coin Forum |
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| Value Of My Collection ?
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shug23
Valued Member
United States
78 Posts |
Posted 03/24/2023 08:17 am
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I'm going to go through my collection and trying to figure out what it is worth because some of the coins I want to let go. I started with my Walking Liberty Half Dollars.
I have 28 coins; most are 64's and probably the most valuable coin is 29-D at a 58 or a 1937 at a 66. At any rate, according to NGC. the coins value at $3450 and according to PCGS, the collection values at $4567. ( All my coins are in NGC holders). I went on to ebay and picked the lowest price 'buy now' coin in my grade in either an NGC or PCGS holder and get a value of 4330 for the set. How do I settle on a fair value with a dealer if I want to sell all 28 coins ? As an aside, is a PCGS graded coin really worth 30% (on average) more than an NGC graded coin ?
Thanks for suggestions |
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| 2021 Washington Quarter Questions
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shug23
Valued Member
United States
78 Posts |
Posted 05/21/2022 2:48 pm
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How many 2021 Washington quarters are there ? Are there uncirculated S coins ? are there W coins. I am thinking there are 8 coins - 2 P's 2D;s and 4 proofs.
By comparison, I believe there are twelve 2020 Quarters.
Thank you for any response |
| | Forum: US Modern Coins |
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